Coca-Cola European Partners (CCEP) has announced that it has completed an investment in Lavit, a maker of multi-beverage, counter-top dispensing machines.
The move will help CCEP explore and test new beverage dispensing solutions to eliminate packaging waste and reduce its carbon footprint.
'An Ambitious Business'
Vice-president of new business development at CCEP, Graham Stokhuyzen, said, “Lavit is an ambitious business with an advanced, commercialised dispensing technology and system.
“We look forward to working together with John Uhlein and the rest of the Lavit team to test and explore next-generation dispensing solutions.”
The funding and partnership will allow Lavit to explore growth opportunities by gaining insight into customer and consumer demand for dispensed delivery solutions.
John Uhlein, CEO of Lavit, explained, “We are delighted to have CCEP Ventures as a partner. This partnership will enable us to scale more quickly, combining CCEP’s industry experience and commercial expertise with Lavit’s innovative technology.”
The investment in Lavit was led by CCEP Ventures – the innovation engine and investment arm of the company.
Recently, CCEP Ventures’ acquired a 25% stake in Innovative Tap Solutions (ITS) for its self-pour, self-pay drink dispensing technology.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.